BREAKING NEWS
This content is not available in your region

Toyota, Geely in talks about cooperation in hybrid vehicle tech

Toyota, Geely in talks about cooperation in hybrid vehicle tech
FILE PHOTO: The logo of Toyota Motor Corp. is seen on a company's Corolla car in Caracas, Venezuela October 25, 2017. REUTERS/Marco Bello /File Photo   -  
Copyright
Marco Bello(Reuters)
Text size Aa Aa

BEIJING (Reuters) – Toyota Motor Corp <7203.T> on Friday said it is in talks with Chinese automaker Geely [GEELY.UL] about cooperation in gasoline-electric hybrid vehicle technology, but nothing has been decided on the matter.

The Japanese automaker said in a statement to Reuters that it and Geely are currently “communicating with each other” about gasoline-electric hybrid technology.

“Toyota has been conducting the business with the open policy which also applies to the area of electrification technologies. The relationship with Geely (Toyota is exploring) is also based on this open policy,” the statement said.

Toyota’s response comes after a Chinese media report said Geely was working with Toyota on the conventional hybrid technology. The report said details on the joint effort would be announced soon.

(Reporting By Norihiko Shirouzu)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.